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Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. On Monday, the Sensex dived 1,836.57 points or 2.46 per cent to settle at
Rupee crosses 94/$ mark for first time, set for worst fiscal year fall
current account deficit, and put further pressure on the domestic currency.” Ponmudi R, CEO of Enrich Money, said the sharp depreciation of the rupee is
Mmint
March 23, 2026 at 08:28 PM


Investors Lose ₹48.29 Lakh Crore As West Asia War Shakes
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. Markets tumble sharply on Monday. On Monday, the Sensex dived 1,836.57 points
FFree Press Journal
March 23, 2026 at 07:00 PM
A two-week plunge of $1,000 has wiped out the year-to-date gains
last year and can serve as a reference bottom range in extreme scenarios. big. Ponmudi R, CEO of Enrich Money, stated that if gold prices fall below the
Nnews.futunn.com
March 23, 2026 at 06:00 PM
A two-week plunge of $1,000 has wiped out the year-to-date gains
last year and can serve as a reference bottom range under extreme circumstances. large. Ponmudi R (CEO of Enrich Money) stated that if gold prices break
Nnews.futunn.com
March 23, 2026 at 04:00 PM
Indian Stocks Plunge As Middle East Crisis Deepens - Evrim Ağacı
Ponmudi R, CEO of Enrich Money, summed up the mood: “Global cues remain ... news in a clear, compelling format—all powered by our innovative AI
GGrand Pinnacle Tribune
March 23, 2026 at 08:00 PM


Investors take Rs 48.29 lakh cr hit in wealth amid West Asia war
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. On Monday, the Sensex dived 1,836.57 points or 2.46 per cent to settle at
DDT Next
March 23, 2026 at 08:00 PM


Market meltdown: Rs 48 lakh crore wiped out as Middle East crisis
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. The sell-off follows the escalation of conflict in West Asia after the United
IIndia IPO
March 24, 2026 at 12:00 AM


West Asia War: Rs 48.29 Lakh Crore Investor Wealth Wiped ... - Rediff
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. Markets on March 23. On Monday, the Sensex dived 1,836.57 points or 2.46 per
Wwww.rediff.com
March 24, 2026 at 12:00 AM
Rs 48 lakh crore wiped out as Middle East crisis rattles Dalal Street
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said. Tired of too many ads?go ad free now. The sell-off follows the escalation of
TThe Times of India
March 23, 2026 at 11:00 PM
Today Forecast
Pre-Market Outlook
2026-03-2407:12 AM
The Indian equity market is expected to open on a strong positive note with a sharp gap-up, supported by a meaningful improvement in global sentiment following the recent decline in crude oil prices. The easing in oil has been triggered by a temporary de-escalation in geopolitical tensions, after Donald Trump postponed the planned strikes on Iran’s power infrastructure for five days. This signals ongoing diplomatic engagement and has reduced immediate fears of a full-scale escalation, bringing short-term relief to global markets.
The Indian rupee, which had earlier breached the 94 mark against the US dollar, has shown signs of recovery and is now trading closer to the 93 level in offshore trade. This reflects easing pressure from crude prices and improving risk sentiment. However, currency volatility continues to remain a key monitorable, especially in a globally sensitive environment.
Global cues have turned decisively supportive. U.S. markets closed firmly in positive territory overnight, while Asian markets are witnessing strong momentum, with the KOSPI surging nearly 4% and the Nikkei advancing close to 3% in early trade. This broad-based risk-on sentiment is likely to trigger short-covering and relief rallies across domestic equities, especially after the recent sharp correction.
At the same time, Foreign Institutional Investor (FII) flows remain a critical variable to watch. Persistent selling has been a key overhang on the market, and any moderation or reversal in FII outflows could act as a strong catalyst for sustained upside.
Overall, the market tone has turned constructively positive in the near term, driven by easing crude prices, improving global cues, and a temporary cooling of geopolitical risks. However, the environment remains highly event-driven and fragile. Sustained upside will depend on continued stability in crude oil, currency movement, geopolitical developments, and institutional fund flows.
Technical View
Nifty 50
Nifty 50 is expected to open on a strong positive note, potentially above the 23,000 mark, reflecting improved sentiment and global support. The index is likely to witness a sharp gap-up opening, indicating a recovery attempt after recent weakness. For any meaningful short-term stabilization, Nifty needs to reclaim and sustain above the 23,500 zone, which remains a critical resistance band and a key hurdle for trend reversal. A sustained move above this level can open further upside towards 23,800–24,000 levels.
On the downside, the 22,500–22,400 zone continues to act as a strong support base. Any pullback towards this region is likely to attract buying interest. Overall, the short-term outlook has turned positive, indicating the potential for a relief rally. However, the broader structure remains cautious, and confirmation of strength will require sustained price action above key resistance levels.
Bank Nifty
Bank Nifty is expected to open on a positive note, in line with the broader market, supported by improving sentiment and the likelihood of a relief bounce after recent declines. From a technical standpoint, the index needs to reclaim and sustain above the 54,000 level to signal meaningful short-term strength. This zone remains a crucial resistance and a decisive hurdle for further upside. Immediate trading range for today is likely between 52,300–52,700 in early moves.
On the downside, 52,000–51,800 is expected to act as a strong support zone, where buying interest could emerge. Overall, the outlook has turned short-term positive, indicating the possibility of a relief rally. However, the broader trend remains cautious, and sustained strength above resistance levels is essential to confirm a stronger directional move.
Ponmudi R, CEO of Enrich Money
Today Nifty Outlook
NIFTY50
Today Bank Nifty Outlook
BANK NIFTY

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